Natural Gas

I haven't traded Nat Gas in over 2 years, but the recent madness in volatility got me interested in having a slice of the action.. I will upload 2 charts, the first to remember the chart 'look' at the time of trade, and the second for a close up...I am trying a long with a stop at the red line.. Low risk, high reward.. Will update this post in a few days..

After hitting 6.5, we saw a 30% drop in a few days!!

 

Close up:

 

 

 

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Update :

 

Although it appeared yesterday like this was a bad idea, I stuck with it and now its paying off, I might have even gotten the low....will update this again in a few days, this could be the beginning of a good bounce..

 

 

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Update II:  I closed too early at 4.6, and Natgas keeps zooming higher.  The fear of losing your profits, is the main reason small traders cant hold on for the much bigger gains.. Then later when they decide to hold on for longer, they watch their profits evaporate completely. There is no right or wrong, its a case by case situation. In this certain trade,  i expected a big move as mentioned earlier, and i should have held on like planned, but when i saw my profit, i thought id be smart, & re-buy lower, but it never came.. Note to self : stick to the plan.